Author: The Editorial Team

LAGOS (Capital Markets in Africa) — Rainy season flooding across Nigeria has killed more than 100 people, as water poured over the banks of the West African country’s two major rivers, and into numerous cities and towns. Officials prepared on Monday to declare a natural disaster, which would allow for the mobilization of military and other resources to 12 states that have been badly affected. President Muhammadu Buhari has authorized the equivalent of $8.2 million…

FinTech is transforming the financial services by the impact of Blockchain, Mobile Money, Open Banking and Payments Innovation in Africa. The growth of FinTech has enabled consumers to sidestep traditional ways from using banking to mobile wallets for any transaction between each other. Addis Ababa, Ethiopia: The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are not only disrupting but also building it from the scratch which is…

NAIROBI(Capital Markets in Africa) – Kenyan President Uhuru Kenyatta proposed a 50 percent reduction on an unpopular new tax on petroleum products and promised expenditure cuts across government departments. The East African state introduced the 16 percent value-added tax on gasoline on Sept. 1 that it said would help raise 35 billion shillings ($345.8 million) to plug a budget deficit of 5.9 percent of gross domestic product in the fiscal year through June 30, 2019. “I must…